Guideline Value for Malaiyadivaram Murugan Koil

Malaiyadivaram Murugan Koil guideline value

The current guideline value of Malaiyadivaram Murugan Koil is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - III.

How the guideline value of Malaiyadivaram Murugan Koil has changed

The guideline value for Malaiyadivaram Murugan Koil has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this village is Rs 1,540 per sq.ft, placing Malaiyadivaram Murugan Koil's 2024 figure above that median.

• Malaiyadivaram Kulakarai: Rs 1,760 per sq.ft (2024)
• Malaiyadivaram Natham: Rs 1,760 per sq.ft (2024)
• Malai Koil Street: Rs 1,760 per sq.ft (2024)
• Makizham Enclave Phase - I: Rs 1,760 per sq.ft (2024)
• Manickam Nagar: Rs 1,760 per sq.ft (2024)
• Manickam Nagar 1st Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Malaiyadivaram Murugan Koil

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. Duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Malaiyadivaram Murugan Koil?

The Sub Registrar Office that covers Malaiyadivaram Murugan Koil is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the state collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the tax implications and the official valuation of the property. It is essential to be aware of these figures to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Malaiyadivaram Murugan Koil?

The current guideline value of Malaiyadivaram Murugan Koil is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the land classification of Malaiyadivaram Murugan Koil?

Malaiyadivaram Murugan Koil is classified as Mixed Special Type - III under the land classification system.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% on the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a property valued at Rs 17,60,000 would incur a total of Rs 1,58,400 in fees.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it is responsible for property registrations in the area.